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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Serabi Gold plc    SRB   GB00BG5NDX91


Delayed Quote. Delayed London Stock Exchange - 04/16 05:49:44 am
74.6562 GBX   +1.57%
04/15SERABI GOLD  : Strong first quarter gold production
04/15SERABI GOLD  : Q1 Gold Production Drops Year over Year; Rises 6% in UK Trade
04/15Strong first quarter gold production
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Serabi Gold : Visible gold with intersection of 7.2m at 258gt gold underpins further exploration success at Sao Domingos.

04/08/2021 | 08:20am EDT

Serabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian-focused gold mining and development company, is pleased to announce highly encouraging exploration drilling results from the Toucano trend at its Sao Domingos project, as well as very encouraging results from its regional geochemical survey also at Sao Domingos.


Visible gold was identified in hole 21-SD-010 which returned a number of intersections including 7.15 metres at 258.24 grammes per tonne ('g/t') of gold.

Drilling on the Toucano trend at Sao Domingos has intersected three mineralised structures, all hosted within a mineralised alteration zone with a true width of 50 metres.

Mineralisation is confirmed along at least a 400 metre strike length and remains open at depth and along strike.

Significant new results received include.

21-SD-010 - 7.40m @ 1.95/t Au from 141.00m, including 1.90m @ 5.12g/t Au

21-SD-010 - 7.00m @ 9.68g/t Au from 151.55m, including 1.40m @ 26.24g/t Au

21-SD-010 - 7.15m @ 258.24g/t Au from 172.85m, including 3.55m @ 519.45g/t Au

21-SD-005 - 0.80m @ 89.03g/t Au from 140.00m

21-SD-005 - 4.70m @ 1.42g/t Au from 76.00m

21-SD-003 - 0.50m @ 6.22g/t Au from 42.00m

21-SD-003 - 1.80m @ 3.77/t Au from 67.25m

A Soil Sample geochemical survey, undertaken in the eastern area of the Sao Domingos tenement that runs into the western part of the Sao Chico Mining License, has defined multiple areas of anomalous gold in soils. These gold in soil anomalies are coincidental with and supported by other multi-element anomalies.

Mike Hodgson, CEO of Serabi, commented: 'These are an excellent set of further results and follow up on the maiden press release for exploration at Sao Domingos issued on 22 January 2021. Holes 21-SD-003 and 21-SD-010, together with the previously reported hole 21-SD-001, have all been drilled on the same drill cross section and the collective results are building a very encouraging picture. We have identified multiple high-grade veins, of which at least 3 are significant, in a 50 metre wide, sub-vertical, mineralised alteration zone. Hole 010 is the current highlight, where a drilled width totalling 70 metres of alteration was cut, within which multiple high-grade intersections including 9.68 g/t Au over 7.0 metres, 26.24 g/t Au over 1.40 metres and 258.24 g/t Au over 7.15 metres including 519.45 g/t Au over 3.55 metres were recorded. Visible gold was recorded in this last intersection.

'With holes 21-SD-005 and 21-SD-002, drilled on the next step out section, 200 metres to the north east along strike, returning further encouraging intersections including gold grades of up to 89 g/t, we are very encouraged with how Toucano is evolving. The plan is to complete the drilling along section 1 over the Toucano pit area to establish the full strike width of the mineralised zone, before moving along strike to the north east and south west, and repeating the drilling on a series of parallel sections. With artisanal activity and initial drilling already in place, we have a potential strike of 600 metres, and the plan is to replicate the drill coverage undertaken on the central section over that entire strike length.


Michael Hodgson

Tel: +44 (0)20 7246 6830

Email: contact@serabigold.com

Web: www.serabigold.com

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', 'should' ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations, or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about SERABI GOLD PLC
04/15SERABI GOLD  : Strong first quarter gold production
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04/15Strong first quarter gold production
04/08SERABI GOLD  : Visible gold with intersection of 7.2m at 258gt gold underpins fu..
04/07SERABI GOLD  : Up Near 6% In Late Morning UK Trade On Sao Domingos Update
04/07SERABI GOLD  : Visible gold underpins further exploration success at São Domingo..
04/07Visible gold with intersection of 7.2m at 258g/t gold underpins further explo..
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Financials (USD)
Sales 2019 59,9 M - -
Net income 2019 3,83 M - -
Net cash 2019 7,28 M - -
P/E ratio 2019 13,7x
Yield 2019 -
Capitalization 76,7 M 76,7 M -
EV / Sales 2018 0,56x
EV / Sales 2019 0,73x
Nbr of Employees 562
Free-Float 25,7%
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Managers and Directors
Michael Jonathan Hodgson Chief Executive Officer & Executive Director
Clive Malcolm Line Finance Director, Secretary & Executive Director
Nicolas Bañados Lyon Non-Executive Chairman
Roney Almeida Chief Operating Officer
Terence Sean Harvey Independent Non-Executive Director
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